Tuesday, May 26, 2015

Turnbull's Big Lie in the 2013 election campaign, and underlying the subsequent Reviews, is simple, profound and very, very deliberate:

What will it "cost" (implied, 'the taxpayer') to build the NBN?[that's the Network rollout, not the company]

Turnbull always knew that the one and only difference in cost to the taxpayer between his mangled copper mess and the Quigley Full Fibre plan was the yearly interest on the difference in Equity 'injected' by the Government into NBN Co. It's why he's worked so hard to discredit the 2012 FTTP business plan, to disguise the real difference between the Plans.

The AASB rules differentiate clearly between investments and expenses as only investments provide a return. Investments appear as Capital or Assets on the Balance Sheet, while expenses appear as Expenditures in the Profit and Loss Statement. Depreciation of Investments, their reduction in value, is an expense.

Friday, May 15, 2015

There are two issues for me with Turnbull's Ministerial Office and his actions:

Anyone in a Ministerial Office, let alone "a senior advisor", doing drugs and behaving badly enough in public to get charged is not a fit and proper person to be on the public payroll or involved in making public policy. This is not "a private matter", this goes directly to the suitability for office and the poor character of the person.

Turnbull never offered an apology, never contacted me in any way (nor any of his staff, nor Ellis or Lynch) and issues a rather misleading twitter that "calm restored". Only in his mind and his staffers.

Thursday, March 12, 2015

Turnbull is again talking rabid nonsense while the mainstream media fail to call him out on it. Turnbull is executing his brief to "Destroy the NBN" and his spin, deception and smoke-screens are still allowed to stand.

What's completely missing in anything Turnbull has ever said on NBN Co is profitability and revenues.

Ledgers have two sides: expenses and revenues. Pretending they don't, that expenses only matter, is the chief deception and mislead that Turnbull has perpetrated.